2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.142 - NUMBER OF SHAREHOLDERS.

        490.142  NUMBER OF SHAREHOLDERS.
         1.  For purposes of this chapter, any of the following identified
      as a shareholder in a corporation's current record of shareholders
      constitutes one shareholder:
         a.  Three or fewer co-owners.
         b.  A corporation, partnership, trust, estate, or other
      entity.
         c.  The trustees, guardians of the property, custodians, or
      other fiduciaries of a single trust, estate, or account.
         2.  For purposes of this chapter, shareholdings registered in
      substantially similar names constitute one shareholder if it is
      reasonable to believe that the names represent the same person.  

         89 Acts, ch 288, §17